Economy
U.S. Jobless Claims Fall to 226,000, Layoffs Remain Low
U.S. applications for unemployment benefits fell modestly last week to 226,000, signaling continued low layoff rates and a robust job market.
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Stocks
SuperReturn Berlin: Trillions in Capital Face Protesters’ Fury
A SuperReturn private equity summit in Berlin, gathering investors with $50 trillion in assets, faced vocal protests accusing the industry of driving...
Markets
Gold Rebounds Marginally as Geopolitical Tensions Ease, Fed Remains Hawkish
Gold prices saw a slight uptick on Thursday, recovering from a sharp decline, as easing U.S.-Iran tensions counteracted pressure from a stronger...
World Business
Versailles Diplomacy: Can Macron Shield Europe from AI Export Risks?
French President Emmanuel Macron's "royal treatment" for Donald Trump at Versailles aims to secure cooperation on geopolitics, but Europe's AI vulnerability to...
Stocks
Biogen Acquires RayThera for Up to $1 Billion, Bolstering Immunology Pipeline
Biogen Inc. announced an agreement to acquire private biotech RayThera Inc. for up to $1 billion, significantly expanding its immunology portfolio with...
Stocks
SWBI Targets Mid-Single Digit FY27 Revenue Boost, Plans $20M Springfield Investment
Smith & Wesson expects mid-single digit revenue growth in FY 2027 and plans ~$20M in incremental Springfield capex, following strong Q4 and...
Markets
Oil Prices Plunge as Iran Deal Prospects Ease Supply Concerns
Oil futures extended declines Tuesday, hitting a three-month low as a potential U.S.-Iran deal signaled the reopening of the critical Strait of...
Investing
Illinois Enacts 0.2% Crypto Tax, Industry Decries “Most Punitive” Law
Illinois Gov. JB Pritzker signed a law imposing a 0.2% tax on digital asset services, drawing sharp criticism from industry groups who...
Stocks
Estée Lauder, Jo Malone Launch Pinterest Scent Scanner
The Estée Lauder Companies and Jo Malone London introduced Scent Scanner, an exclusive Pinterest experience translating visual preferences into fragrance recommendations, launching...
Stocks
Norsk Hydro to Shut Two U.S. Plants, 350 Jobs Cut
Norsk Hydro will close two U.S. aluminum extrusion plants in California and Louisiana next year, affecting ~350 jobs. Low capacity utilization and...
Finance
UK Inflation Holds at 2.8%, Middle East Deal Offers Hope
UK inflation remained at 2.8% in May, defying expectations of a rise, as a US-Iran peace deal eased oil price fears. Despite...
Markets
Nikkei 225 Defies Wall Street Sell-Off, Reaches Record Highs
The Japanese market surged to all-time highs on Thursday, with the Nikkei 225 climbing above the 71,100 level, extending gains for a...